Common use of Establishment of Bank Accounts Clause in Contracts

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as:

Appears in 21 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2013-A)

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Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four five segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as:

Appears in 1 contract

Samples: Servicing Agreement (CAB West LLC)

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